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CVD Equipment Corporation Reports Fourth Quarter and Fiscal Year 2024 Financial Results

1. CVD Equipment reported a quarterly revenue increase of 80.3%. 2. Backlog rose to $19.4 million, indicating strong future demand.

Earnings
+0.96%Current Return
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-0.29%S&P 500
$3.1303/19 04:06 PM EDTEvent Start
$3.1603/20 10:43 PM EDTLatest Updated
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FAQ

Why Bullish?

The 80.3% revenue growth and increased backlog signals positive momentum, similar to periods of prior growth spurs that led to price rises for CVD.

How important is it?

The reported financial results and backlog forecasts are critical indicators of CVV's growth potential and investor interest.

Why Short Term?

Immediate positive financial results could boost investor confidence and stock prices rapidly, akin to previous quarters showing strong growth.

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ACRSCALMBMY
CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, "CVD's fourth quarter 2024 revenue was $7.4 million, representing an 80.3% increase from the prior year quarter. Our backlog at December 31, 2024 was $19.4 million, meaningfully higher than our 2023 year-end backlog of $18.4 million." "During 20.

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